Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Great Ajax Corp (NYSE: AJX) improved during the last several trading days. AJX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Great Ajax Corp (NYSE: AJX) stock enjoyed a large increase of 2.1% on 4/19/24. The stock closed at $3.47. However, this advance was accompanied by below average trading volume at 74% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -9.4% during the last week.
Current PriceTarget Research Rating
AJX’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Great Ajax has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Great Ajax has a good Appreciation Score of 84 but a very low Power Rating of 3, leading to the Low Neutral Value Trend Rating.
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